The Corporate Affairs Commission (CAC) says it now records 10,000 business registration requests daily following the deployment of artificial intelligence (AI) across its service delivery platforms.
The Registrar-General of CAC, Hussaini Magaji, disclosed this during the Anniversary Lecture marking the commission’s 35th anniversary on Monday in Abuja.
According to him, the adoption of AI had significantly enhanced the commission’s capacity to process the growing volume of business registrations and customer inquiries nationwide.
He said business registration volumes have increased sharply due to tax reforms, policies promoting formalisation of informal businesses and the growth of digital and social media-based enterprises.
“Today, CAC receives close to 10,000 business registration requests daily, compared to only hundreds in the past,” he stated.
The registrar-general explained that managing such volumes would be impossible through manual processes, but AI had become critical in improving speed, accuracy and efficiency.
